Marsh’s Private Client Services Tenants Insurance Program

For students living in university and college residences Master policy purchased by the university Huron University College is pleased to offer a Tenants Insurance Program to students who are living in residence. For only $75 per year*, you can purchase a policy that covers your belongings and protects you against loss or damage you may be liable for. Coverage For an annual premium of $75*, students will receive the following insurance coverage while they are living in residence:

$10,000 $1,000,000 $2,500 Contents Coverage Personal Liability Coverage Additional Living Expenses

Each student will be provided If a student is found to be If as a consequence of an insured with coverage to protect your responsible for causing accidental loss the student’s residence is personal belongings up to $10,000 damage to university property or unfit for occupancy, the policy will – subject to a $500 deductible. another student’s property (for pay the increased expenses (up The policy provides coverage for example, if a student accidentally to $2,500) incurred by the student all risks of loss or damage subject started a fire in their room) or to obtain temporary housing. For to exclusions.** Claims will be accidental bodily injury to another example, if a student moves to a settled on a “replacement cost” person, the policy will respond hotel for a few days while their basis (without deduction for up to $1,000,000 to pay legal room is being repaired, hotel costs depreciation). expenses and compensatory including meals would be covered. damages for which they are found to be legally liable.

Under this program, the university purchases a master policy that provides insurance coverage for all students who are living in residence and who elect to participate in the program. Students who elect to participate in the program will receive a Certificate of Insurance in their name outlining the coverages provided by the policy, and will be provided a website address where they can request a copy of the policy wording.

* PST/RST is applicable in some provinces. Marsh Canada Limited (Marsh) is paid a commission of 20% for this policy which is part of your insurance premium. Marsh receives separate compensation from insurers for providing consulting, data analytics or other services.

** Typical exclusions on a policy include wear and tear, some water damage, intentional or criminal acts. Please refer to the policy wording for a complete list of policy conditions and exclusions. Benefits to students About Marsh Marsh’s Private Client Services is the 1. Voluntary Participation - Students have the option to “opt-out” of the program administrator of this insurance program provided they have alternate insurance coverage in place — for example and an operating practice of Marsh they have purchased their own policy or are covered under their parents’ Canada Limited. Marsh is a global Homeowners policy. Students who wish to opt-out of the Tenants Insurance leader in insurance broking and risk Program provided by the university must declare their intention to do so management. no later than September 15, 2021. Students who do not opt-out by this date will be automatically enrolled in the program. With Marsh’s Private Client Services, you 2. Peace of Mind - By participating in the program, students will receive the have access to a team of knowledgeable following insurance coverage: and experienced insurance brokers, • Contents $10,000 – “All Risks” coverage on a replacement cost basis - $500 readily available to answer any questions deductible. you may have about the program. • Additional Living Expenses $2,500. Marsh’s Private Client Services offers • Personal Liability $1,000,000 (on- and off-premises). the strength and stability of a national company with a commitment to 3. Additional Living Expenses - While some Homeowners policies may extend professional and personalized service. Contents and Personal Liability coverage for students who are temporarily living away from home to attend university or college, Additional Living Expenses are not typically extended to third party locations. As a result, in the event of About Excess a claim where a student has to move out of their room while damages are Underwriting being repaired, students should not rely on their parents’ Homeowners policy Established in 2008, Excess Underwriting to provide coverage for any additional costs. Additional Living Expenses up to is an independently operated, Canadian- $2,500 are covered under this program. owned, commercial, and personal lines 4. Program Coverage is Primary - Where a student has elected to purchase insurance provider that works with the insurance offered by the university and they are also covered by another brokers and their clients to manage policy such as their parents’ Homeowners policy, the coverage provided by this risk proactively, collaboratively, and program is primary. In the event of a claim: in partnership. Excess Underwriting a) Coverage provided by any other policy would be secondary and would only is a division of Towerhill Insurance be called upon to respond if the limits of coverage provided under this Underwriters Inc., coverholder and program were exhausted. broker for Lloyd’s of London. b) Your parents would not lose the “Claims Free Discount” on their Homeowners policy which is likely greater than the annual premium ($75) charged for the coverage provided under this program. Contacts 5. $500 Deductible - Most homeowners carry a $1,000 deductible or greater on their Homeowners policy. As a result, smaller claims are more likely to be For additional information about the covered under the Program policy due to the lower deductible. program, please contact: 6. Competitive Rates - The annual premium of $75*/student ($37.50* per semester) is more affordable than similar policies offered by many insurance Marsh Canada Limited companies that charge up to $250. Please note that the premium charged 4273 King Street East, Suite 200 for coverage provided under this program will be included in the university Kitchener, Ontario N2G 4W1 residence fees unless a student elects to “opt-out.” 1 800 665 0765

www.marsh.ca/studentinsurance Your tenants insurance coverages will be placed with a program administered by Marsh Canada Limited. Marsh Canada has engaged in a competitive marketing process to offer a competitive product. We have negotiated this Program on a group basis with the insurer but we have not acted as a broker for any individual participant. This Program may be for a term of several years and may not be negotiated annually. Information in this brochure represents a synopsis of coverage and is provided as a reference only. The actual policy, including endorsements determines coverage. It contains exclusions, limitations and other provisions not referenced (or only briefly summarized) here and the policy should be consulted for full coverage terms, conditions and requirements. Deductibles may apply. For exact terms, definitions, limitations, and exclusions, please speak with your licensed Marsh Canada Limited insurance broker, or refer to the policy wording. This document is not intended to be taken as advice regarding any individual situation and should not be relied upon as such. The information contained herein is based on sources we believe reliable, but we make no representation or warranty as to its accuracy. Marsh shall have no obligation to update this publication and shall have no liability to you or any other party arising out of this publication or any matter contained herein. Marsh makes no representation or warranty concerning the application of policy wordings or the financial condition or solvency of insurers or re-insurers. Marsh makes no assurances regarding the availability, cost, or terms of insurance coverage. Marsh is one of the Marsh McLennan companies, together with Guy Carpenter, Mercer, and Oliver Wyman. Copyright © 2018-2021 Marsh Canada Limited and its licensors. All rights reserved. www.marsh.ca/pcs PCS0094-Huron (C180501TB): 2021/07/20